Billionaire Stanley Druckenmiller is a former hedge fund manager best known for betting against the British pound in 1992. He managed George Soros' Quantum Fund at the time, and the pair reportedly pocketed a $1 billion profit on the transactions. Meanwhile, Druckenmiller ran his
Investors hoping for imminent rate cuts by the Federal Reserve received a sobering reminder of the U.S. central bank’s focus on fighting inflation, after Chairman Jerome Powell poured cold water on bets policymakers would lower borrowing costs in March.
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Shares of Advanced Micro Devices (NASDAQ: AMD) dropped 2.5% on Wednesday following the chipmaker's release on the prior afternoon of its fourth-quarter 2023 report. The stock's decline is largely attributable to guidance for the first quarter of 2024 coming in lighter than Wall S
This week’s earnings lineup is headlined by quarterly results from big tech giants with Alphabet GOOGL and Microsoft MSFT already reporting after market hours on Tuesday.
A look at the day ahead in Asian markets. While Asia's beaten down stock markets could use a clean slate in February they must first contend with Wall Street's negative reaction to the Federal Reserve's unsurprising decision to hold U.S. rates steady on Wednesday.
U.S. stocks closed sharply lower on the last trading day in January after the Federal Reserve held interest rates steady while reiterating that despite progress, inflation risks remain and dashed hopes for an interest rate cut as soon as March.
U.S. stocks veered lower after the Federal Reserve held interest rates steady while reiterating that despite progress, inflation risks remain and that no rate cuts were imminent.
The Federal Reserve left interest rates unchanged on Wednesday, but took a major step towards lowering them in coming months in a policy statement that tempered inflation concerns with other risks to the economy and dropped a longstanding reference to possible further hikes in borrowing costs.
Meta Platforms will release its Q4 earnings this Thursday after the bell. Here's the earnings preview for META stock, and a look at whether CEO Mark Zuckerberg can come up with a new plan to drive the stock higher.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares S&P 500 Growth ETF, where 19,800,000 units were destroyed, or a 4.1% decrease week over week. Among the largest underlying com
The tech-heavy Nasdaq tumbled to over a week low on Wednesday, as Alphabet's projections for rising AI costs dented most megacap and chip stocks ahead of a crucial Federal Reserve policy decision expected later in the day.
Advanced Micro Devices AMD reported fourth-quarter 2023 non-GAAP earnings of 77 cents per share, in line with the Zacks Consensus Estimate. The figure jumped 11.6% year over year.Revenues of $6.17 billion beat the Zacks Consensus
Earnings reports this week from five of the so-called Magnificent Seven stocks are putting a renewed focus on risks from the group’s outsize weighting in the S&P 500, while their collective strength continues pushing U.S. equities to record highs.
CGI GIB recently announced that it has forged a ten-year strategic partnership with Posti Group, the premier delivery and logistics services provider in Finland, Sweden and the Baltics.This partnership focuses on the development a
January Jobs Week continues this morning, even as we’re only just closing out the month today. Private-sector payrolls reported by Automatic Data Processing (ADP) came in below estimates: 107K versus 150K expected, and beneath the
After years of trailing Apple in the race to be the world's largest company (by market cap), Microsoft (NASDAQ: MSFT) has edged ahead of its longtime rival.
January Jobs Week continues this morning, even as we’re only just closing out the month today. Private-sector payrolls reported by Automatic Data Processing ADP came in below estimates: 107K versus 150K expected, and beneath the p
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